Question
In the performance of an audit, a CPA: a. is legally liable for detecting an immaterial client fraud. b. must strictly follow GAAP for privately-held
In the performance of an audit, a CPA:
a. is legally liable for detecting an immaterial client fraud.
b. must strictly follow GAAP for privately-held clients.
c. must exercise constructive professional care in the performance of their audit responsibilities.
d. must exercise due professional care in the performance of their audit responsibilities.
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The correct answer to this question is d must exercise due professional care in the performance of t...
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Auditing and Assurance Services An Applied Approach
Authors: Iris Stuart
1st edition
73404004, 978-0073404004
